CNBC's Diana Olick reports on the drop in housing demand despite falling mortgage rates.
Mortgage applications to purchase a newly built home dropped 11 percent in November, annually, according to the Mortgage Bankers Association. MBA economists predict that sales of newly built homes in November fell 5 percent annually.
"I don't think it's worth providing $3 billion and setting a precedent" for other companies to pick the city's pockets, state Sen. Michael Gianaris says.
Patrick Flynn launched GoLocal Suites, which provides fully furnished rental suites where nearly everything inside is made in America.
A new map by the Urban Institute traces auto delinquency rates in counties across the U.S.
It is said that the best way to predict the future is to design it. Projections show that by 2050 society will require double the Earth’s available resources.
December may be a slow month traditionally for the housing market, but mortgage lenders are suddenly getting busier.
The drop in equity gains has been sharpest in the third quarter of this year. In fact, after hitting a record high, the amount of tappable equity fell quarter to quarter for the first time since the housing recovery began.
A new study from Apartment List highlights the overall feelings millennials have towards purchasing a home.
As 2018 comes to an end, it's been announced that more than 146 million square feet of retail space will be shut across the U.S. in malls and shopping centers, according to real estate research group CoStar.
Kong Wan Sing, CEO of JustCo, says real estate is a "very localized business," and the company has local teams in the cities it operates in.
CNBC's Diana Olick takes a look at mortgage rates dropping amid market madness.
Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market. The average rate on the 30-year fixed has fallen 21 basis points in the past week to 4.73 percent, according to Mortgage News Daily.
While price gains are now shrinking, affordability is still at the lowest level in a decade and proving to be the biggest barrier to housing demand. Sales of newly built and existing homes continue to suffer.
Andrew Ticehurst of Nomura Australia says slower GDP growth in the country makes the political environment "more difficult" and "challenging."
CNBC's Diana Olick talks about Toll Brothers' earnings report and expectations for next year.
The heat in housing demand is cooling across the nation and across most price points, but luxury is really feeling the chill. Luxury homebuilder Toll Bros. reported weaker demand, especially in California, where home prices are highest.
When it comes to living the lifestyle they imagined, today's retirees spend a lot of time worrying about how they will afford their golden years.
CEO Douglas Yearley says reports about the souring house market are causing the slowdown.
Katrina Ell of Moody's Analytics discusses expectations for Australia's Q3 GDP results. She also weighs in on the country's cooling housing market, which she says will hurt consumer spending.
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Diana Olick serves as CNBC's real estate correspondent as well as the editor of the Realty Check section on CNBC.com.
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